The new one “staff cost rule” will limit spending on salaries, transfers and agent fees to 70% of a club’s revenue, a figure to be reached after a three-year gradual change.
“UEFA’s first financial regulations, introduced in 2010, served their main purpose”said Ceferin at the executive committee meeting in Nyon.
“They helped lift European football finances out of the abyss and revolutionized the way European football clubs are run”he pointed.
“However, the evolution of the football industry, together with the inevitable financial effects of the pandemic, have shown the need for a total reform and new financial sustainability rules”he added.
The UEFA moves away from the strict accounting logic of the financial fair play of the first season, doubling the admitted deficit over three years for each club (a €60 million65.4 million dollars), raising it even to €90 million ($98.1 million) over the same period for one club “in good financial health”.
The new regulations will come into force in June 2022, with a gradual application over three years so that the clubs have time to adapt.
Source: Ambito
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